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updated —AAPL Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+18.50%
7d Period Avg+2.00%
swing±5.17%
LONG Lighter Robinhood · nowAAPL-USDG
+3.51%
7d avg:+3.63%
SHORT Ondo · nowAAPL-USD.P
+22.00%
7d avg:+5.63%
Entry Spread Now
−0.022%
Against youL ask 356.8000 · S bid 356.7200−$2.24 at entry
24h range −0.08%…+0.07% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$10.67
−0.11%
$Avg Daily PnL
+$0.55
+0.0055%
★Best Day
+$0.86
Nov 9
◎Open Interest
Lighter Robinhood$4.95M
Ondo$1.80M⚡Funding APR
+2.00%
annualized · funding only
⚠Execution Cost
−$14.51
entry + exit fees
⏱Payback
26.4d
to break even
◧24h Volume
Lighter Robinhood$18.16MOndo$2.23MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$14.51 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.